Can I retire at age 59 with 788,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $788,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$65,072$64,493$63,927$63,375$62,836$62,388
2 years$32,214$31,614$31,033$30,469$29,922$29,470
3 years$21,263$20,660$20,080$19,522$18,984$18,542
4 years$15,788$15,187$14,613$14,064$13,539$13,111
5 years$12,504$11,907$11,340$10,803$10,292$9,879
6 years$10,316$9,723$9,165$8,639$8,144$7,746
7 years$8,753$8,165$7,616$7,103$6,623$6,241
8 years$7,582$6,999$6,459$5,958$5,495$5,128
9 years$6,671$6,094$5,563$5,075$4,627$4,276
10 years$5,943$5,372$4,850$4,375$3,943$3,607
11 years$5,348$4,782$4,270$3,807$3,391$3,070
12 years$4,852$4,292$3,789$3,340$2,938$2,633
13 years$4,433$3,879$3,386$2,948$2,562$2,271
14 years$4,074$3,526$3,042$2,617$2,246$1,969
15 years$3,763$3,221$2,746$2,334$1,978$1,714
16 years$3,491$2,955$2,490$2,090$1,748$1,498
17 years$3,252$2,721$2,266$1,878$1,550$1,313
18 years$3,039$2,515$2,068$1,692$1,378$1,154
19 years$2,849$2,331$1,894$1,529$1,228$1,016
20 years$2,678$2,166$1,738$1,385$1,097$896
21 years$2,524$2,017$1,598$1,257$982$792
22 years$2,384$1,883$1,473$1,143$880$701
23 years$2,256$1,761$1,360$1,041$790$622
24 years$2,139$1,650$1,258$949$710$552
25 years$2,032$1,549$1,165$867$639$490
26 years$1,933$1,455$1,081$793$576$436
27 years$1,841$1,370$1,003$726$519$388
28 years$1,756$1,291$933$665$468$345
29 years$1,677$1,218$868$610$423$307
30 years$1,604$1,150$809$559$382$274
31 years$1,535$1,087$754$514$345$244
32 years$1,471$1,029$703$472$312$218
33 years$1,411$974$657$434$283$195
34 years$1,355$923$614$400$256$174
35 years$1,302$876$574$368$232$155
36 years$1,252$831$537$339$210$139
37 years$1,204$789$502$312$190$124
38 years$1,160$750$470$288$173$111
39 years$1,117$713$441$265$157$99
40 years$1,077$679$413$245$142$88
41 years$1,039$646$387$226$129$79
42 years$1,003$615$363$208$117$71
43 years$969$586$341$192$106$63
44 years$936$559$320$178$96$57
45 years$905$533$300$164$87$51
46 years$875$508$282$151$79$45
47 years$847$485$265$140$72$40
48 years$820$463$249$129$65$36
49 years$794$442$234$119$59$32
50 years$769$422$220$110$54$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $788,000, adding $3,913 every year, while hoping to spend $38,266 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 65/18/17 Blend
58$788,000$788,000$788,000$788,000
59$872,412$830,648$818,434$925,221
60$920,684$830,635$805,137$961,075
61$972,596$829,339$790,112$995,479
62$1,028,481$826,657$773,261$1,032,149
63$1,088,701$822,478$754,480$1,071,306
64$1,153,656$816,687$733,663$1,113,197
65$1,223,785$809,161$710,696$1,158,091
66$1,299,569$799,768$685,463$1,206,289
67$1,381,538$788,370$657,839$1,258,123
68$1,470,275$774,820$627,697$1,313,960
69$1,566,419$758,962$594,901$1,374,204
70$1,670,675$740,632$559,310$1,439,305
71$1,783,816$719,655$520,779$1,509,759
72$1,906,693$695,846$479,153$1,586,112
73$2,040,243$669,009$434,272$1,668,972
74$2,185,495$638,938$385,968$1,759,007
75$2,343,584$605,414$334,066$1,856,956
76$2,515,755$568,205$278,383$1,963,639
77$2,703,381$527,066$218,728$2,079,956
78$2,907,972$481,739$154,901$2,206,908
79$3,131,190$431,949$86,695$2,345,595
80$3,374,864$377,408$13,893$2,497,237
81$3,641,009$317,809$0$2,663,177
82$3,931,840$252,830$0$2,856,474
83$4,249,799$182,129$0$3,070,637
84$4,597,572$105,347$0$3,305,001
85$4,978,118$22,103$0$3,561,611
86$5,394,695$0$0$3,842,727
87$5,850,891$0$0$4,164,307
88$6,350,655$0$0$4,521,448
89$6,898,339$0$0$4,912,887
90$7,498,734$0$0$5,342,055
91$8,157,118$0$0$5,812,733
92$8,879,302$0$0$6,329,082
93$9,671,689$0$0$6,895,688
94$10,541,331$0$0$7,517,599
95$11,495,995$0$0$8,200,381
96$12,544,237$0$0$8,950,159
97$13,695,483$0$0$9,773,685
98$14,960,115$0$0$10,678,395
99$16,349,572$0$0$11,672,481
100$17,876,455$0$0$12,764,967